Banks vie to please VW in tight taps of three, seven years

Volkswagen showed the keenness of both borrowers and investors to engage in corporate bond transactions this week, when it raised €750m with two separately executed taps of the three and seven year bonds it launched on January 10.

03 Feb 2012

"There is obviously tons of appetite for the auto makers," said one banker. "Its staggering how much they have been able to fund this year."Investors sometimes resent an early tap of a bond if it causes the pricing on the existing notes to widen, but there was little
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